Abstract
Over the past fifty years, the most populated region in the world has managed to expand its economy at a pace never observed before. Countries like Taiwan or South Korea have attained levels of development comparable to those of Southern Europe. One of their main common features, apart from the well-publicized very high savings rate they have sustained over the whole period, is that they have concentrated on low-skill and labour-intensive production as a first step towards industrialization. Among the industries best filling these criteria is textiles. This activity seems to have been the first key to rapid and lasting economic development.
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© 1998 Carol Cosgrove-Sacks and the College of Europe
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Lemaître, M. (1998). EU Textiles Policy and Developing Countries. In: Cosgrove-Sacks, C. (eds) The European Union and Developing Countries. Palgrave Macmillan, London. https://doi.org/10.1057/9780230509184_22
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DOI: https://doi.org/10.1057/9780230509184_22
Publisher Name: Palgrave Macmillan, London
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